Luna Innovations Shares Pop After New Contract With Medtech Giant Intuitive Surgical

Luna Innovations Shares Pop After New Contract With Medtech Giant Intuitive Surgical
  • Luna Innovations Inc LUNA announced a new $14.2 million contract with its long-standing partner Intuitive Surgical Inc ISRG.
  • This new agreement provides for the supply of critical photonic subsystems manufactured by Luna and incorporated into Intuitive's next-generation robotic surgical systems.
  • Luna's PHOENIX tunable laser and compact line of Optical Polarization Controllers will play a critical role in the further production of hardware modules for Intuitive's advanced surgical systems.
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  • Laser-based fiber optic sensing systems are now widely deployed across many industries due to the benefits of fiber optics over traditional techniques in terms of precision and scalability. 
  • Advanced robotic surgery increasingly relies on optical-based measurement systems as a core component. 
  • Luna's PHOENIX tunable laser and compact line of Optical Polarization Controllers deliver the high performance needed to maintain maximum precision and reliability required for rapidly growing applications like robotic surgery.
  • Price Action: LUNA stock is up 2.86% at $4.67, and ISRG shares are down 2.15% at $190.85 on the last check Thursday.

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